HR 3688
104th Congress
House
Labor and Employment
Employee ownership
Finance and Financial Sector
Income tax
Investments
Pension funds
Tax-deferred compensation plans
Taxation
401(k) Pension Protection Act of 1996
Introduced: June 20, 1996
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 1996
Sponsor introductory remarks on measure. (CR E1345)
Jul 8, 1996
Referred to the Subcommittee on Employer-Employee Relations.
Jun 20, 1996
Referred to the House Committee on Economic and Educational Opportunities.
Jun 20, 1996
Introduced in House
Plain-English summary
401(k) Pension Protection Act of 1996 - Amends the Employee Retirement Income Protection Act of 1974 (ERISA) to require that (Internal Revenue Code section) 401(k)-type pension plans be subject to the same prohibited transaction rules that apply to traditional defined benefit pension plans under ERISA.
Requires 401(k)-type plans (by extending such ERISA protections to them) to have diversified investments, and prohibits them from investing more than ten percent of their assets in securities and real property of the sponsoring employer.
What's happening now
Sponsor introductory remarks on measure. (CR E1345)
Committees of jurisdiction
2